The primary purpose of the financial aid programs at Alcorn State University is to provide financial assistance to students who are in need of aid to attend the University and to recognize outstanding academic achievement by students who desire an education. The University is committed to providing the support programs and services necessary to facilitate the optimum success of each student.
The Alcorn State University Office of Student Financial Aid is eager to help you and your family understands our financial aid programs and to assist you in finding ways to meet your college costs. Financial aid is intended to help you finance your education when family and personal resources are not adequate to meet your educational costs. Financial aid consists of scholarships, grants, loans (which must be repaid) and part-time employment. Alcorn State makes every effort within its means to help all students with limited financial resources secure the funds needed to complete their educational goals.
The Office of Student Financial Aid is located in the Financial Services Building between the E.E. Simmons Gymnasium and the Henderson Football Stadium. Regular office hours are from 8 a. m to 5 p.m. Monday through Thursday and from 8 a.m. to 4 p.m. on Friday. The Office of Student Financial Aid provides students, parents, visitors and University personnel with “service with a smile” relating to financial aid. For information about financial aid, you may contact us at (601) 877-6190 or visit the website at http://www.alcorn.edu/offices/FinancialAid. For additional information about Alcorn State University, you can visit the school’s website at www.alcorn.edu/.
STUDENT APPLICATIONS FOR FINANCIAL AID
The Office of Financial Aid can help you finance your education by assisting you with the completion of forms and applications. Here are step by step instructions to assist you in applying for and receiving financial aid at Alcorn State University.
The application process is as follows:
The PIN application is for students and/or parents who would like to receive a PIN to electronically sign the Free Application for Federal Student Aid (FAFSA).
Step 2: Complete the Free Application for Federal Student Aid (FAFSA) or the Renewal FAFSA for the current year.
Remember to add the school code (002396) so that the Financial Aid Office will receive your information electronically. The FAFSA application will be processed within 3 to 6 weeks and you will receive a Student Aid Report (SAR). Review this information carefully. A valid SAR will have an Expected Family Contribution (EFC) number (Example EFC: 00000). You can complete the paper FAFSA or apply over the Internet at http://www.fafsa.ed.gov. Your PIN can be used each year to electronically sign your FAFSA and to access your U.S. Department of Education records online.
Step 3: How can you tell if your Student Aid Report (SAR) is selected for Verification?
If your EFC has an asterisk after the end of the last number (example: EFC: 00000*) you are selected. If a student’s application is selected for verification, he or she must complete the verification process or forfeit federal student aid. Applicants selected for verification must provide documents or related material requested by the Financial Aid Office within 14 days of request or by the deadline for the last day of tegistration, whichever date is earlier. Please note that Alcorn State may also select applications for verification to resolve conflicting data. A student’s failure to provide the required documentation within the specified time period could result in the loss of financial aid for the semester or academic year. Students are notified in writing by the Financial Aid Office of documents needed to complete the verification process. Items to be verified as follows:
Adjusted gross income
U.S. income tax paid
Number of family members in the household
Number of family members enrolled in post-secondary at least half-time
Any other conflicting information
If you are selected for verification, you must submit the following:
Dependent students must submit:
Independent students must submit:
Upon receipt of the verification documents, Alcorn State will compare the information on the submitted documents with that on the Free Application for Federal Student Aid (FAFSA). If discrepancies are found, the school will make corrections which could result in a change in aid eligibility. The school will notify the student in writing of any changes in the eligibility due to verification.
If you have never completed an ASU FAA, you must complete the FAA. If you have completed a FAA since entering Alcorn, you are not required to complete a new FAA, but it is recommended that you submit a new FAA to provide updated information.
Step 5: Respond to request for additional requirements.
You must respond to all requests for additional documents and information. No financial aid can be awarded until all required information and documents have been received and the verification process is complete. Incomplete documents will be returned to the student.
Award letters will be mailed to students that are awarded before registration. Review awards that have been offered and only return or notify financial aid counselor if you wish to decline all or a portion of the award. Award letters are subject to change, so please view online for real time updates. You may not receive paper copies of all changes.
TYPES OF FINANCIAL ASSISTANCE
There are many different financial aid programs available through the Financial Aid Office. These programs include:
Federal Pell Grant: This is a federal grant program for needy students who have not received a baccalaureate or professional degree; it is administered by the U. S. Department of Education. This grant is awarded based on the EFC from the SAR.
Federal Supplemental Educational Opportunity Grant (FSEOG): This is one of the campus-based programs. The FSEPG offers grants for students with exceptional financial need who have not completed their first baccalaureate degree. Priority for FSEOG awards must be given to Federal Pell Grant recipients with the lowest EFCs.
Diversity Grant (SSDG): Non-black students who meet board requirements are eligible to apply for a diversity grant in the amount of $700 per semester (prorated if less than full time). Priority will be given to main campus (Lorman) students. All recipients must meet the following criteria: (1) be non-black; (2) enroll in a degree granting program; and (3) meet Board approved requirements for admission.
Federal Work-Study (FWS): A campus-based program, the FWS is a part-time employment program which provides jobs for undergraduate and graduate students who are in need of such earnings to meet a portion of their educational expenses.
Federal Student Loans: Most students enrolled at Alcorn State University choose to borrow to assist with their education financing. Your loan amount will be based on your eligibility by classification, cost of attendance, budget and other aid awarded (which cannot create an over award). Please note loan requirements that are listed later in these policies and procedures. Additional information regarding Federal Direct Loans may be found at http://www.studentloans.gov.
The amount that students are eligible to borrow is based on the student’s grade level and need. A Federal Direct Loan Request Form is not required. If you stated on your FAFSA that you are interested in being considered for a student loan, you will automatically be awarded if you are eligible.
Students qualify for the Direct Student Loans which are classified as either subsidized or unsubsidized. Subsidized loans do not accrue interest until the student graduates or leaves school or drops below half-time enrollment. Unsubsidized loans accrue interest while the student is in school, but payment of the interest may be deferred until repayment or the student may choose to pay interest while in school in order to avoid “paying interest on interest.”
Before receiving a student loan, the applicant must sign a Master Promissory Note and complete entrance loan counseling.
PLUS Loans: Parents of students who are dependent can borrow a Direct PLUS Loan. PLUS loans are available to parents of dependent undergraduate students enrolled at least half time in an eligible program. The parent must apply for the credit-based loan by completing the PLUS request process using the parent’s federal pin number and identifying information. In lieu of applying online, the ASU parent’s loan application is also available to be printed, completed and submitted to the Office of Financial Aid. The parent borrower must be listed on the student’s processed FAFSA in order to be eligible to apply for the parent loan. The parent must be the student’s biological or adoptive parent or the student’s stepparent, must be a U.S. citizen or eligible non-citizen and must have an acceptable credit history. A credit check will be performed during the application process.
Graduate and professional degree students may borrow under the PLUS loan program up to their school’s cost of attendance minus any other financial assistance, if eligible. Contact your Financial Aid Counselor for additional information regarding PLUS loans.
Before receiving a PLUS loan, the borrower must sign a Master Promissory Note.
Misrepresentations through fraud and/or forgery are crimes that are punishable by law and will be reported to the Department of Education for possible prosecution.
Please adhere to the following deadlines:
For the fall semester, the last day to request or accept a loan including increases is October 12.
For the spring semester, the last day to request or accept a loan including increases is March 1.
For the summer sessions, the last day to request or accept a loan including increases is June 14 and July 15
REQUIREMENTS FOR ALL BORROWERS
PIN/FAFSA: You will need a PIN (www.pin.ed.gov) to complete any online loan applications, counseling or processing. You may also use your name, social security number and date of birth. Student must have a valid FAFSA on file prior to receiving a loan award.
CLASS ATTENDANCE: You must be enroll and attend 6 hours per semester to maintain eligibility for a student loan (including private loans). You must also be enroll and attend 6 hours during each summer term to receive a loan. If you drop below 6 hours, your loan will not be authorized to your account and you will be responsible for any balance owed to the University.
ENTRANCE COUNSELING: Entrance counseling must be completed by first-time borrowers and transfer students. There is a 30-day waiting period before will be disbursed to the Business Office for payment of fees. The waiting period is required by the Department of Education. Entrance Counseling can be done by personal counseling with the Office of Financial Aid (please call (601) 877-6190 to schedule an appointment) or online through the Direct Loan Website. Entrance Counseling informs you about your rights and responsibilities as a Direct Loan Borrower. If you have not completed loan entrance counseling, please click on the following link: http://www.studentloans.gov.
ADDITIONAL LOAN COUNSELING: It is highly recommended that students with a grade point average below 2.0 make an appointment with the Office of Financial Aid for additional counseling on the importance of receiving and repaying a loan. Please call (601) 877-6190 to schedule an appointment if your GPA is below 2.0.
MASTER PROMISSORY NOTE (eMPN): The Master Promissory Note must be completed by all borrowers before loan funds will be disbursed to the Business Office for payment of fees. This is a loan and must be repaid to the lender. If you have not signed a Master Promissory Note, please click on the following link: http://www.studentloans.gov.
EXIT COUNSELING: This is a process that all student loan borrowers must do if they are graduating, transferring or withdrawing from Alcorn State University. As you near graduation, you will receive information on loan repayment from the Direct Loan Servicing Center. Exit Counseling can be done by personal counseling with the Office of Financial Aid (please call (601) 877-6190 to schedule an appointment) or online. You are responsible for timely payment of your loans. Failure to comply with repayment obligations can cause you to have a negative credit rating. Online exit counseling can be done by clicking the following link: http://www.nslds.ed.gov/nslds_SA.
If requirements (MPN/Entrance Counseling) are not fulfilled by the close of awarded term and your account has a $0.00 balance, the loan will be cancelled. You will be responsible for any balance owed to the University, if applicable.
The last date to increase your student loan during any semester or term is the published date stated on the Academic Calendar as the “last date to add a class.” Request for increases after this date will not be honored unless approval for extenuating circumstances.
TEACHER EDUCATION ASSISTANCE FOR COLLEGE AND HIGHER EDUCATION (TEACH) GRANT
The U.S. Department of Education’s Teacher Education Assistance for College and Higher Education (TEACH) Grant Program provides grant funds to postsecondary students who are completing or planning to complete coursework needed to begin a career in teaching and who agree to serve for at least four years as a full-time, highly qualified teacher in a high-need field, in a school serving low-income students. Eligible full-time students may receive $4,000 per year in TEACH Grant funds, up to a maximum of $16,000 for undergraduates and post baccalaureate study and $8,000 for graduate study. More details can be found on Federal Student Aid's TEACH Fact Sheet.
TEACH GRANT ELIGIBLE MAJORS AT ALCORN STATE UNIVERSITY
These majors include:
BS in Biology Education
BS in Chemistry Education
BA Curriculum in English (Secondary Education in Foreign Languages)
BS in Math Education
Master of Science in Secondary Education
Master of Arts in Teaching (Second Education Only)
Endorsement in Biology, Chemistry, Math and Special Education
Please note that a copy of certification of endorsement area must be attached to application.
In exchange for receiving a TEACH Grant, you must be a highly-qualified, full-time teacher in a high-need subject area for at least 4 years at a school serving low-income students. You must complete the 4 years of teaching within 8 years of finishing the program for which you received the grant. You incur a 4-year teaching obligation for each educational program for which you received TEACH Grant funds, although you may work off multiple 4-year obligations simultaneously under certain circumstances. Specific definitions of these terms are included below.
You must perform the teaching service as a highly-qualified teacher, which is defined in federal law. The informational sheet can be found online at: http://www.ed.gov/policy/elsec/leg/esea02/pg107.html.
You must meet the state’s definition of a full-time teacher and spend the majority (at least 51 percent) of your time teaching one of the high-need subject areas. Elementary school teachers who teach many subjects would not be able to fulfill their service agreement.
HIGH-NEED SUBJECT AREAS
The subject areas designated as high need are as follows:
- Bilingual Education and English Language Acquisition
- Foreign Language
- Reading Specialist
- Special Education
Other teacher shortage areas are listed in the Department of Education’s Annual Teacher Shortage Area Nationwide Listing at http://www.ed.gov/about/offices/list/ope/pol/tsa.doc
DESIGNATED LOW-INCOME SCHOOLS
Schools serving low-income students include any elementary or secondary school that is listed in the Department of Education’s Annual Directory of Designated Low-Income Schools for Teacher Cancellation Benefits at https://www.tcli.ed.gov/CBSWebApp/tcli/TCLIPubSchoolSearch.jsp
TEACH GRANT AGREEMENT
Each year you receive a TEACH Grant you must sign a TEACH Grant Agreement to Serve. The agreement is a legally binding document that defines the teaching obligations you must meet and specifies your repayment obligation if a TEACH Grant that you receive is converted to a Direct Unsubsidized Loan. When you sign the service agreement, you are agreeing to repay the grant as a Federal Direct Unsubsidized Loan, with interest accrued from the date that the grant funds were disbursed, if you do not complete the teaching obligation. Once the grant has been converted to a loan, it cannot be converted back to a grant.
COMPLETION OF COUNSELING
You will be required to complete online counseling through the Financial Aid Office each year that you accept a TEACH Grant. You will also be required to attend exit counseling when you graduate or leave school. If you receive the TEACH Grant but do not fulfill the requirements of the program, your grant will convert to a Federal Direct Unsubsidized loan, which you will have to repay with interest calculated back to the date the funds were disbursed. Once it converts to a loan, it can never become a grant again.
APPLICATION PROCESS FOR TEACH GRANT
The application process for a TEACH grant is as follows:
- Complete the Free Application for Federal Student Aid (FAFSA). Financial need is not required.
- Complete Alcorn State University TEACH Grant Application.
- Be enrolled in an eligible program.
- As a freshman, you must establish a 3.25 cumulative GPA; continuing students must maintain a 3.25 cumulative GPA to continue eligibility. Your GPA will be monitored on a semester basis.
- Complete a TEACH Grant Agreement to Serve with the U.S. Department of Education for each year of participation. The Agreement can be signed at www.teach-ats.ed.gov.
- Complete TEACH Grant Entrance interview for each year of participation at https://teach-ats.ed.gov/ats/studentHome.action.
- Serve as a full-time teacher for a total of at least 4 academic years within 8 calendar years after you completed or withdrew from the academic program for which you received the TEACH Grant.
- Perform the teaching service at a low-income school in a high-need filed as outlined at https://www.tcli.ed.gov/CBSWebApp/tcli/TCLIPubSchoolSearch.jsp.
- Attend an exit interview before leaving school.
- Understand that if you receive a TEACH Grant but do not complete the required teaching service, you will be required to repay the grants as a Federal Direct Unsubsidized Stafford Loan, with interest charged from the date of each TEACH Grant disbursement.
FINANCIAL ASSISTANCE AVAILABLE FROM STATE OF MISSISSIPPI
The state of Mississippi offers various scholarships, loans and grants. For additional information and application visit its website at www.mississippi.edu. These programs include:
- Mississippi Resident Tuition Assistance Grant (MTAG): Administered by Mississippi Post-Secondary Board, the MTAG is available for full-time students with high school and/or college GPA of 2.5 & ACT score of 15. You must be a resident of Mississippi for 1 year prior to enrollment.
- Mississippi Eminent Scholars Fund (MESG): The MESHG is available for incoming freshman with high school GPA of 3.5 and ACT score of 29.
There are many scholarship programs available. The programs include:
Academic scholarships are awarded through the Office of Admissions and are based upon GPA and/or ACT. Students receiving renewable academic scholarships are evaluated at the end of each spring semester to determine if they are eligible for continuation of the scholarship into the next academic year. The Financial Aid Office will verify GPA requirements to determine if student is eligible to receive scholarship for the next academic year (academic scholarships are awarded for 4 years or 8 semesters). All academic scholarship awards are subject to the following conditions.
Full academic scholarship recipients must maintain the required cumulative grade point average of 3.50 or higher. Any scholarship recipient who does not maintain the required GPA will have scholarship reduced if the GPA is between 3.00 and 3.49 (contact the Office of Financial Aid concerning reduction chart). If full scholarship recipient falls below a 3.00, the scholarship will be terminated for the duration of matriculation at ASU.
Partial academic scholarship recipients must maintain the required cumulative grade point average of 3.00 or higher for scholarship to be renewed for the next academic year. If partial scholarship recipient falls below a 3.00 GPA, the scholarship will be terminated for the duration of matriculation at ASU.
Service scholarships are awarded for participation in the band, athletics, music, ROTC, etc. For information on service scholarships, please contact the relevant department
The ASU Foundation, Inc scholarship is awarded based upon availability of funds and scholarship criteria.
REPEAT COURSE POLICY
A recent federal regulation change regarding repeated coursework may impact your financial aid eligibility and awards. Effective for the fall 2011 semester, in order for a repeated course to be counted towards your enrollment status for financial aid purposes, you may only repeat a previously passed course once (a total of two attempts). If you enroll in a previously repeated and passed course for a third time, this course will not count towards your enrollment for financial aid purposes. For example, if you are enrolled in a total of 12 credit hours and 3 credits you have repeated in the past, you will only be considered enrolled in 9 hours for financial aid purposes. A passing grade is defined as D or better. Please note that the repeat course policy for financial aid is separate from institutional academic polices regarding repeat courses.
The policy allows a student to receive financial aid to repeat any failed course until a passing grade is received or to repeat one time any course in which a passing grade of D or higher was previously received.
Please note that repeating a previously passed course two or more times may result in an adjustment to financial aid eligibility. Any adjustments will typically occur after the start of the semester during which the student is repeating the course, so students are responsible for monitoring their own enrollment in repeated coursework.
DEPENDENT TUITION WAIVERS
The Dependent Tuition Waiver employee benefit for the state institutions applies to all dependent children (as defined in Internal Revenue Code §152(c)(3)) of full-time faculty and staff of state institutions and full-time employees of the Executive Office. In order to receive an undergraduate tuition waiver for 50% of the total tuition, the dependent must gain admission to the University where the parent or legal guardian is employed, or in the case of dependent children of the IHL Executive Office, at any of the eight state universities, and make a formal written request to the Financial Aid Office of the respective institution. In cases wherein either parents or legal guardians are eligible employees, a tuition waiver of 100% shall be provided to the dependent children. Dependent children of continuing employees hired prior to July 1, 1977, are eligible for full waiver of undergraduate tuition at the appropriate institutions because of the grandfather clause included in the April 28, 1977, minutes of the Board.
Board of Trustees of State Institutions of Higher Learning Policies & Bylaws 139 state the following:
For continued eligibility, a single, dependent child may receive an undergraduate tuition benefit (consistent with the continued employment of the parent or guardian) which may be continued until the degree requirements for one baccalaureate degree are met or until age 25, whichever comes first.
Dependent tuition shall be accounted for and reported at the face value of the tuition being waived in the appropriate functional category.
Tuition Waiver forms are available for download at http://www.alcorn.edu/offices/FinancialAid/info.aspx?id=421.
SATISFACTORY ACADEMIC PROGRESS (SAP) STANDARDS
Federal regulations require that all student financial aid recipients progress at a reasonable rate or “make satisfactory progress” toward achieving a degree. The standard applies to all terms regardless of whether or not the student received financial aid. The student’s cumulative grade point average and credits earned in relations to those attempted and the length of the academic program measure academic progress. SAP evaluation for undergraduate and graduate students occurs at the conclusion of each term which is at the end of the spring semester.
Undergraduate and graduate students who receive financial aid at Alcorn State University must conform to the standards for Satisfactory Academic Progress (SAP) set by the University and outlined here. These standards encourage students to complete their educational goals successfully and in a timely manner. It is important to remember that this SAP policy is administered by the Office of Student Financial Aid and is separate from the Academic Standards administered by the Office of the Executive Vice President and Provost for Academic Affairs.
REQUIREMENTS OF SAP POLICY
The following components are measured to determine whether the student is meeting SAP standards:
Qualitative Standard (Grade Point Average): The qualitative component measures the quality of the student’s SAP by conducting a review of the student’s cumulative grade point average (GPA). To meet the qualitative requirement, the student must have a minimum cumulative and overall GPA of at least a 2.0 (undergraduate) or 3.0 (graduate). Credits accepted from other schools that may be applied to a degree are counted in the calculation of the student’s GPA and therefore are included in the qualitative measure. Specific federal, state and institutional scholarships and grants may require a higher GPA for continued eligibility. This is a separate and distinct factor in renewing or continuing eligibility for these specific financial aid funds. The GPA for specific scholarships and grants supersedes the GPA requirements referenced above. Information about the terms and conditions of specific student aid programs that have GPA requirements is provided to the student at the time the award is offered.
Quantitative Standards (Calculating Pace or Completion Ratio): The quantitative component measures the pace at which the student must progress through his or her program of study to ensure completion (within the maximum time frame permitted and provides for the measurement of the student’s progress) at the end of each evaluation. Pace or completion ratio is calculated by determining the cumulative number of credit hours the student has successfully completed divided by the number of cumulative credit hours the student has attempted. Credits accepted from other schools that may be applied to a degree are counted in the calculation as both attempted and completed hours. To meet the quantitative requirement, the student’s completion ratio must be 67% or higher for undergraduate and graduate students.
Maximum Time Frame Measure: Students are no longer eligible to receive federal student aid once the total hours attempted (this includes transfer hours) exceeds 186 hours or as determined by the academic progression plan of study. Upon completion of a first bachelor’s degree, students may be allowed up to 60 additional credit hours to complete a second bachelor’s degree.
Graduate students pursuing a master’s degree can receive financial assistance for up to 63 credit hours. Students will be limited to 95 credit hours when pursuing a second master’s degree. Graduate students must also adhere to the Quantitative and Qualitative measures. Once a student earns a second master’s degree, he or she shall be eligible to receive financial assistance only toward a specialist’s degree (39 hours). We mirror the academic standard process is the same for graduate students as for undergraduate students. The hours shown were effective for fall 2009 semester.
In addition to the three measures referenced above to determine a student’s SAP, a student who is placed on academic suspension is considered ineligible for financial aid.
There are other situations which affect a student’s SAP:
Withdrawals. Students who receive financial assistance and withdraw from the University (officially or unofficially) will adhere to the quantitative and qualitative measures listed above.
Incompletes. An incomplete does not mean that the student has successfully completed the course. Incompletes will be treated as failing grades until removed. An incomplete will be treated as hours attempted.
Audit Courses. Courses taken for audit do not meet degree requirements and are not eligible to meet enrollment requirements to receive aid. Change of classes to audit will be treated as a withdrawal and subject to any changes of enrollment status policies.
Developmental Courses. Students advised to enroll in developmental courses will be considered enrolled in regular classes to a limit of 3 hours for Developmental Mathematics, 3 hours for Developmental English, 3 hours for Developmental Studies Lab, and 3 hours for Developmental Reading.
Repeats. Repeated courses enable the student to achieve a higher cumulative GPA. However, for financial aid purposes, repeated courses count as additional hours attempted and may affect your financial aid award.
Change of Major. A change of major can have an adverse affect on your Satisfactory Academic Progression. The credits the student earns at Alcorn State University under all majors will be included in the calculation of qualitative, quantitative and maximum time frame measures.
With reference to the student’s Satisfactory Academic Progress, the following definitions are observed:
Financial Aid Probation: Financial Aid Probation status is assigned to a student who fails to make SAP and who has successfully appealed and has had eligibility for financial aid reinstated. A student who is placed on financial aid probation may receive financial aid for one subsequent semester/term. A student on Financial Aid Probation may be required to meet certain terms and conditions while on financial aid probation, such as taking a reduced course load or taking specific courses. A student assigned a Financial Aid Probation status will be placed on a Financial Aid Satisfactory Academic Progression Plan of Study. At the conclusion of the SAP Academic Probation semester/term, the student must either meet the SAP standards or fulfill the requirements specified in the Academic Progression Plan and Program of Study.
Financial Aid Suspension: Financial Aid Suspension status is assigned to a student who fails to make SAP or does not fulfill the requirements set forth in his or her Academic Plan of Study and Program of Study when placed on Financial Aid Probation. A student can reestablish SAP eligibility by choosing one of the following options:
Self-Pay: SAP Suspension does not prevent a student from registering for classes. However, payment is the responsibility of the student and must be made as required by University policy.
Private Assistance: Students on SAP Suspension receive private assistance in the form of scholarship or private loan as per the conditions of the individual donor or lender.
The appeals process is described in the next section.
If a student fails one or more of the three measures an appeal may be filed. A student may file an appeal by submitting the documents by the deadline specified on the Satisfactory Academic Progression Appeal for Eligibility Application. The documents include: Satisfactory Academic Progression Appeal for Eligibility Application; Why Am I Appealing Questions and Statements; Program of Study; and Transcript. Appeals for reinstatement should be submitted. All requests will be reviewed by the Financial Aid Committee within 10 calendar days of the deadline. Click on the link to apply (Satisfactory Academic Progression Appeal for Eligibility).
Students will be sent official notification of the Financial Aid Committee decision. The decision of the Financial Aid Committee is final. If the appeal is approved, the student is placed on Financial Aid Probation and the student’s financial aid eligibility is reinstated for one subsequent semester/term. During the Financial Aid Probation period, the student may be required to fulfill certain conditions for financial aid reinstatement.
At the conclusion of the semester/term, if the student meets the standards of SAP, the Financial Aid Probation status will be removed. If not, the student’s academic performance for the semester/term will be evaluated against the student’s Financial Academic Progression Plan and Program of Study. If the student meets the requirements of the Academic Progression Plan and Program of Study, the student will be assigned Financial Aid Probation for a subsequent semester/term.
If the student fails to meet SAP standards or the requirements set forth in the Academic Progression Plan and Program of Study, the student will be deemed ineligible for financial aid.
The purpose of the non-attendance policy is to assess appropriately the financial liability for students, ensure good stewardship of financial aid funds and limit the financial liability for the University. According the Department of Education, student is considered to have begun attendance in all of his or her classes if student attends at least one day of class for each course in which that student’s enrollment status was determined for Federal Pell Grant.
Students at Alcorn State University are expected to regularly attend classes in which they are enrolled. In order to maximize enrollment opportunities for all students, Alcorn State University implements a “no show” non-attendance policy. If the student has not attended a single class session for two weeks after the non-attendance report has been made by the faculty member teaching the class, then student’s aid will be cancelled. If the student does begin attending some but not all classes, the student’s aid will be recalculated to the amount of credit hours a student actually attended. A student at Alcorn State University is considered eligible for a Pell Grant if the student has attended 12 hours or more. A student is considered eligible for a Federal Direct Loan if the student has attended 12 hours or more.
When a Title IV (Federal Student Aid) recipient withdraws, drops out or is expelled after receiving a cash disbursement for non-institutional costs, the University will determine whether the student has received an overpayment. The Business Office will calculate the amount based on a formula mandated by the Department of Education. The student will be notified by the Business Office of the amount owed to the federal student aid programs. If the student does not repay the amount owed, he or she is ineligible for further financial aid and will be reported as being in overpayment to NSLDS. See your financial aid counselor for additional information.
RIGHTS AND RESPONSIBILITIES
Students have the right to know the following information about financial aid policies and procedures:
- The cost of attendance
- The refund policy for students who withdraw
- The financial assistance available from federal, state, and institutional sources
- Procedures and deadlines for submitting applications for financial aid
- The process by which financial aid recipients are selected
- The process by which eligibility is determined, including all resources the Financial Aid Office considered available to you
- The method and schedule for how and when the funds will be disbursed to you
- An explanation of each type of award you receive
- The interest rate, total amount you must repay, the start date for repayment, the length of your repayment and the cancellation and deferment provisions applicable to your student loan.
- A description of the job, the hours you must work, the rate of pay, and the schedule and method on when and how you will be paid for any Federal Work Study job.
- The criteria used to determine satisfactory academic progress for financial aid purposes
- The method for requesting a review of a decision by the Office of Student Financial Aid concerning your aid package
The student has the responsibility to:
- Read directions thoroughly, complete all application forms accurately, comply with any deadlines and provide any supplemental information or documentation required by the Office of Student Financial Aid or other agency as applicable.
- Read, understand and keep copies of any forms that you are required to sign.
- Repay any student loans you may receive.
- Attend an entrance interview and an exit interview if you receive federal student loan while in attendance at Alcorn State University.
- Notify the Financial Aid Office of any change in your enrollment, housing, or financial aid status (including any scholarships or grants received from outside sources). Change of address and enrollment status must also be reported to your l lender if you have a loan.
- Satisfactorily perform the work agreed upon in a Federal Work Study job
- Know and comply with all requirements for continuation of financial aid, including satisfactory academic progress requirements.
ADDITIONAL FINANCIAL AID INFORMATION
Financial aid awards are contingent upon admission as a regular student and enrollment at the University. A student may not be eligible for some types of financial aid if not admitted as a regular, degree-seeking student.
Students must reapply for financial aid each academic year. Summer applications are available in the Financial Aid Office or under Financial Aid Forms online. If you plan to attend summer school, complete this application.
Financial aid recipients may not receive funds in excess of their financial need. This occasionally occurs when students receive funds from other sources or agencies. When over awards occur, the Financial Aid Office is required to adjust student’s financial aid award packages. Students may be required to repay funds they are not eligible to receive.
Awards are calculated based on full-time enrollment. An individual who does not intend to register as a full-time student should notify the Financial Aid Office immediately. Federal Direct Loan recipients must be enrolled at least half-time at the time of loan disbursement.
Summer School is considered to be at the end of the year for awarding financial assistance. The eligibility of each student’s aid is based upon remaining annual limits for grants and loans. Please note that students that receive their maximum eligibility during the fall and spring semesters may not have any remaining eligibility for summer school. Students wishing to attend summer school should complete a summer application in the spring semester.
Cost of Attendance (COA) for a student is an estimate of that student’s educational expenses for the period of enrollment. COA includes tuition and fees, room and board expenses while attending school and other miscellaneous expenses. Your cost of attendance is located at www.alcorn.edu (Online Services).